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PetChem unit executes RM3.92bil bridge loan

PETALING JAYA: PRPC Polymers Sdn Bhd, a wholly owned subsidiary of Petronas Chemicals Group Bhd (PetChem), has executed a bridge loan agreement of US$1bil (RM3.92bil) from various local and international banks


Saudi Arabia looks at buying oil and gas assets in Russia

KUWAIT: Saudi Arabia is looking at unprecedented deals to acquire oil and gas assets in Russia, deepening ties between the world’s largest energy exporters as the Saudi king prepares to visit Moscow later this week.


Petronas sees Pengerang complex starting in 2019

MILAN: Malaysia’s state-owned oil and gas company Petronas is on track to get its US$27bil refining and petrochemical complex in the south of the country up and running in 2019, the head of the group’s downstream operations said.


PetChem eyes growth in aroma ingredients business

KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) smells growth opportunities in the aroma ingredients business and is considering an expansion of its facility in Gebeng, Pahang.


PIPC long-term investors remain committed

PETALING JAYA: Pengerang Integrated Petroleum Complex (PIPC) long-term investors continue to be committed to the sustainability of the project as Asia’s petrochemical hub despite the current low-oil price environment.


Canadian company charged with breaching Iran sanctions law

CALGARY, Alberta (Reuters) - A Canadian company will appear in court on Monday charged with violating international sanctions by trying to export components to Iran that could have nuclear applications.


Petronas Chemicals gears up for 80%-85% plant utilisation rate

KUALA LUMPUR: Integrated chemicals producer, Petronas Chemicals Group Bhd (PCG) is currently pushing for a higher average plant utilisation rate of between 80 to 85 per cent in a bid to drive sales volume.


Health accessories getting popular

Health accessories have become more popular inrecent years, as major sports figures like RubensBarrichello and our own Datuk Lee Chong Weigive their endorsement.


Top Glove and Tillotson agree to dismiss all claims against each other

PETALING JAYA: Top Glove Bhd and Tillotson Corp of the United States have reached a settlement whereby all claims in the action against Top Glove Sdn Bhd, TG Medical Sdn Bhd and TG Medical (USA) Inc (Top Glove companies) and any and all counterclaims in this action against Tillotson will be dismissed with each party bearing its own costs, expenses and attorney's fees.


RM5.5mil project to be built for the public

A KAJANG Square, estimated to cost RM5.5mil, will be built in place of the Kajang Stadium.